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In your own words, discuss the concept of basis , differentiating between outside basis and inside basis. Then explain how two partners, each with a

In your own words, discuss the concept of basis, differentiating between outside basis and inside basis. Then explain how two partners, each with a 50% interest in a partnership, can have different amounts of outside basis at the formation of the partnership. Shouldnt the two partners contribute the same amount to have the same interest?

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